Tag Archives: Daily Market Update

– Gold prices break 6 year down trend on safe haven demand (see charts)– Chinese gold demand set to surge 50% to 1,000 metric tonnes – Chinese demand for gold bars on track to surge more than 60 percent in 2017 – Geopolitical risk internationally leading to safe haven demand– UK election, terrorism and rising tensions in Middle East supporting gold after attacks in London and attacks in Iran today – Gold is 12.5% higher...

– Deposit bail in risk as stocks and bonds of Spanish bank –  Banco Popular – crash – Banco Popular stock crashes most on record – down 63% this year to 34 euro cents – Spanish bank tells employees – “Don’t panic” – Risk of Spanish banking crisis as Banco Popular credit curve inverts – Banco Popular needs to find at least €4 billion more capital – analysts – Deposits over €100,000 (euro) vulnerable to bail-in – EU,...

Gold hits five-week high Reaches $1,273.74/oz, highest since April 25th Sterling recovers after UK polls point towards a hung Parliament Expected Fed-tightening capped gains 90-dead in Kabul, further signs of increasing tension in Middle East Trump expected to pull out of Paris Accord and Trump’s anti-Iran axis already feuding Yesterday gold hit $1,273.74/oz, a level not seen for five weeks. Analysts point to some...

The appalling attack in Manchester overnight in which over 22 people have been killed has led to a slight uptick in risk aversion in markets. Investors are cautious after police said they were treating a bombing at a concert in the Manchester Arena as a “terrorist incident”. Asian stocks  gave up gains after the attacks and European indices had a subdued start. Gold rose in the aftermath of the attacks to three week...

Tech is the umbrella word for all things fashionable to invest in right now. Take the recent flotation of Snap Inc. (parent company of teen and narcissists’ favourite app SnapChat), everyone wanted in on the $20 billion flotation. Snap is likely a sign of a tech bubble that will cost a lot of savers and investors huge amounts of money … again. Before putting your savings into the likes of SnapInc we think there are some...

Peak Gold and Silver On “Small Finite Planet” With Near Infinite CurrencyPeak gold and silver and the case for peak precious metals on “our small, finite planet” was the topic for discussion on the latest episode of the the Keiser Report. (Max Keiser interview of Mark O’Byrne of GoldCore in 2nd half of show at 13 min 15 seconds) [embedded content] Topics covered in the interview – Small planet with finite resources...

– London property market vulnerable to crash– House prices in London are falling – London property up 84% in 10 years (see chart) – House prices have risen over 450% in 20 years– Brexit tensions as seen over weekend and outlook for U.K. economy to impact property– Global property bubble fragile – Risks to global economy– Gold bullion a great hedge for property investors For the bargain price of 36 AED (£5) I can buy...

Gold bullion imports into China via main conduit Hong Kong more than doubled month-on-month in March, data showed on Tuesday as reported by Reuters. Net-gold imports by the world’s top gold consumer through the port of Hong Kong rose to 111.647 tonnes in March from 47.931 tonnes in February, according to data emailed to Reuters by the Hong Kong Census and Statistics Department. China’s net-gold imports rose to its best...

Gold Sovereigns – ‘Life Changing’ ‘Treasure’ Trove Found In UK The gold sovereigns – semi-numismatic gold coins made up of both gold sovereigns and half gold sovereigns dating from the reigns of Victoria, Edward VII and George V – were discovered inside an old piano after it was donated to a school last year. A gold sovereign from that period is currently valued at between £200-250, with a half sovereign worth between...

– Silver, platinum and palladium see increased role as investment vehicles– Increase in academic output on the white precious metals is in line with this– Silver and particularly gold are safe haven assets– Silver was a safe haven at times during which gold failed to be– Platinum and palladium less so but have diversification benefits– Silver manipulation is possible and indications of, if not legal proof– Benefits...